GREECE - Greek Prime Minister Alexis Tsipras has criticised Greece's international creditors for failing to accept his government's latest reform proposals. He said that this never occurred with equivalent measures put forward by Ireland and Portugal when they were negotiating bailouts. Either the creditors did not want a deal or were serving "special interests", he added.
GREECE - Greece should leave the euro and then establish a currency board. But Syriza seems to prefer welfare dependency to harsh reality. In looking for areas of common ground between Germany and Greece - quite a search, I can tell you - I eventually stumbled across the following, shared experience; that of hyperinflation. Both of them have relatively recent experience of this economically and socially crippling phenomenon.
GREECE - The atmosphere in the branch of Alpha Bank in central Athens is calm and businesslike. Below the quiet murmur of the tellers, there is little to suggest that Greece is facing a banking disaster that could force it out of the euro. But teller Costas Alafouzos says a steady stream of customers have been taking out their money as expectations have grown that Greece could be facing a decisive turning point after a crisis that has lasted more than five years. "You don't see it, there are no lines but its happening. There has been a rise in withdrawals, mostly in cash this last week," he said.
GREECE - Earlier today we showed why Greece is now literally living on borrowed time. The combined €2.9 billion in ELA cap increases ‘generously’ bestowed upon the flailing Greek banking sector by the ECB last week looks to have been barely enough to keep things from “ending very differently” (to quote Kathimerini) at the ATMs on Friday.
UK - Nobody really knows for sure how we’ll respond to being weaned off the drug of easy money. In ordinary circumstances, George Osborne’s latest borrowing figures would be greeted with utter horror by City scribblers. If economists had been told in 2005 that a decade hence the government would be forced to borrow £10.1 billion in a month, their reaction would have been a combination of disbelief, bafflement and horror.
GERMANY - Left-wing German politician and former finance minister Oskar Lafontaine had some harsh words for the US on its politics concerning Russia and Ukraine. He has also called on the EU to oppose Washington.
USA - Privacy advocates claim always-listening component was involuntarily activated within Chromium, potentially exposing private conversations. Privacy campaigners and open source developers are up in arms over the secret installing of Google software which is capable of listening in on conversations held in front of a computer.
EUROPE – It is a short tram ride from the massive building that houses the European Union’s Council of Ministers to the Brussels office of the German think tank Stiftung Wissenschaft und Politik (SWP). On a recent morning, both provided equally revealing illustrations of Germany’s growing political clout in Europe.
ISRAEL - A treasure-trove of raw gold worth billions of dollars is believed to be sitting under Mount Eilat in southern Israel, Breaking Israel News has learned. In an exclusive interview, Rabbi Yehuda Glick, the Executive Director of The Temple Mount Heritage Foundation in Jerusalem, revealed the news, which had been kept under wraps for the last several years.
USA - This is what our politically correct society has wrought. Now we don’t just have men or women who want to be respected as the opposite sex, or white girls who want to be thought of as black girls because they feel they were born the wrong race, but we now have otherwise completely healthy people who feel inside as if they are really disabled people. Some have gone as far as to cut off their own limbs to really be the disabled person they feel they are inside (and get that handicapped parking tag).
NIGERIA - The US and other countries have agreed to help Nigeria recover money stolen from the government, President Muhammadu Buhari has said. The new president said on Tuesday that the country's treasury was "virtually empty". He vowed to recover billions of dollars "stolen" under previous administrations.
EUROPE - Eurozone leaders have broadly welcomed new proposals for Greek reforms amid hopes a deal can be struck within days to stop Greece defaulting on its debt. German Chancellor Angela Merkel said Greece's latest offer constituted "some progress". But she said more work was needed and "time is short". Greece must repay a €1.6 billion (£1.1 billion) International Monetary Fund (IMF) loan by the end of the month.
GREECE - Five years into its austerity regime, the Greek government has once again had to go cap in hand to its creditors and ask for more money. But the country's complex tax system seems to be one of its biggest hindrances. The former head of Greece's tax collection agency, raising taxes in the midst of the financial crisis, told the BBC "it was not an easy job to do".
EUROPE - Allowing Greece to thumb its nose at those who try to live within their means would be far more risky than letting it leave the euro. In practice, this makes it very difficult for the European establishment to accept that Greece could ever possibly leave the euro. This will almost certainly turn out to be the EU’s downfall.
FRANCE - Calais mayor Natacha Bouchart calls on French government to spark "diplomatic incident" with UK over migrant crisis, saying Britain must either adopt Schengen border rules or "leave" the EU.